Litecoin Whales Arrived Just In Time For Upcoming LTC Rally?

Anvesh Reddy
February 21, 2023 Updated May 16, 2025
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Litecoin News: Amid Bitcoin’s (BTC) six month high price and speculation for a potential altcoin rally, the crypto market is also going through the regulatory hurdles especially in the US. However, the surprise crypto rally in January 2023 showed that the traders defied the odds coming from the FTX collapse and related ripple effects. However, a section of traders with deep altcoin bags appear to still be cautious of taking an entry in the current scenario. This is gradually unfolding as big whales continue to reactivate their assets, in what could be in anticipation of profit making opportunities. Does this mean the crypto winter is finally behind us?

Also Read: Current Bitcoin ($BTC) Rally Is Historically Different; Here’s How

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Litecoin Whales Among Biggest

In an interesting coincidence, the LTC price drop in last few hours came in parallel with huge accumulation of the altcoin. According to WhaleStats, Litecoin is currently among the top 10 purchased tokens by 100 top Binance Smart Chain (BSC) whales in the last 24hrs. More importantly, the current price level at $95 could be a good base to gain strength for a rally to $110, which is inevitable, according to Kong Trading.

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At the current level, LTC price is at an eight month high range of $93 to $100. As of writing, LTC price stands at $94.97, down 3.06% in the last 24 hours, according to CoinGape price tracker.

Also Read: Here’s What You Need To Know About Blur’s Upcoming Season 2 Airdrop

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.